REG - Tirupati Graphite - Receipt of Requisition Letter

Tirupati GraphiteAnnouncement

26/04/2024 14:30

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RNS Number : 2640M  Tirupati Graphite PLC  26 April 2024

26 April 2024

Tirupati Graphite plc

 

('Tirupati', the 'Group' or the 'Company')

 

Receipt of Requisition Letter

 

Tirupati Graphite (TGR.L, TGRHF.OTCQX), the specialist flake graphite company
and supplier of the critical mineral for the global energy transition,
confirms that it has received a letter from Walpole St. Andrews Nominees Ltd
on behalf of a group of underlying shareholders holding, in aggregate,
6,847,813 ordinary shares representing c. 5.8% of the issued ordinary share
capital of the Company, requesting the Company to convene a general meeting of
the Company's shareholders pursuant to section 303 of the Companies Act 2006
(the "Act"). The Company is taking advice as to the validity of the
requisition letter and a further announcement will be made in due course.

 

The letter has requested that at the requisitioned meeting, shareholders of
the Company consider resolutions to remove Shishir Poddar, Puruvi Poddar and
Alastair Bath from office as directors of the Company and to appoint Mark
Rollins, Leo Koot, Isabel de Salis and Murat Dogan Erden as directors of the
Company.

 

Shareholders are advised that no action is required at this time. Further
announcements will be made as appropriate.

 

ENDS

 

For further information, please visit https://www.tirupatigraphite.co.uk/
(https://www.tirupatigraphite.co.uk/)  or contact:

 

 Tirupati Graphite Plc                          

 Puruvi Poddar - Joint Managing Director       admin@tirupatigraphite.co.uk

                                               +44 (0) 20 39849894
 CMC Markets UK Plc (Joint Broker)

 Douglas Crippen                               +44 (0)20 3003 8632
 Optiva Securities Limited (Joint Broker)

 Ben Maitland - Corporate Finance              +44 (0) 20 3034 2707

  
 FTI Consulting (Financial PR)                 +44 (0) 20 3727 1000

 Ben Brewerton / Nick Hennis / Lucy Wigney     tirupati@fticonsulting.com

 

About Tirupati Graphite

 

Tirupati Graphite Plc is a specialist Graphite producer and a supplier of the
critical mineral for a decarbonised economy and the energy transition. The
Company places a special emphasis on green applications including renewable
energy, e-mobility, energy storage and thermal management, and is committed to
ensuring its operations are sustainable.

 

The Company's operations include primary mining and processing in Madagascar
where the Company operates two key projects, Sahamamy and Vatomina with a
combined 30,000 tpa of currently installed capacity, producing high-quality
flake graphite concentrate with up to 97% purity and selling to customers
globally.

 

The Company also holds two advanced stage, world class, natural graphite
projects in Mozambique. Work has already commenced to optimise the economics
for development of the Montepuez graphite project, which is permitted for
100,000tpa production and where substantial construction work has already been
undertaken by the predecessor. A table of the Company's projects is provided
below:

 

 Country       Project           Stage
 Madagascar    Sahamamy          In production: 18,000tpa capacity
 Madagascar    Vatomina          In production: 12,000tpa capacity
 Mozambique    Montepuez         100,000tpa permitted, development-initiated
 Mozambique    Balama Central    58,000tpa permitted, development-ready

 

 

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